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Tomorrow Bank - A Sustainable Bank Account

Tomorrow is an mobile bank with a focus on environmental sustainability. It is the first bank that lets you offset your carbon footprint. Tomorrow is built on a framework that supports climate protection. This is an easy-to-use bank account and a great option for people that want their money to be used in an environmentally friendly manner. You can open an account in less than 10 minutes right from your phone. Find out if Tomorrow is the right bank for you. This article will answer all of your questions about the Tomorrow bank account!

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What is Tomorrow?

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Tomorrow is a mobile bank based out of Germany. What sets Tomorrow apart from other mobile and online banks is that it’s focused on sustainability and climate protection. Many banks offer perks such as fuel discounts, insurance products and access to VIP lounges at the airport. Tomorrow believes that the future of our planet is more important than those perks, and instead focuses on climate protection. With a Tomorrow bank account, you can offset your carbon footprint. Tomorrow invests in climate projects in developing countries. Every Tomorrow bank account avoids as much CO2 as the average German emits: 11.3 tons per year. 

Tomorrow Bank Accounts

Tomorrow offers two bank accounts: the free Tomorrow bank account and the Tomorrow Zero account.

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The Free Tomorrow Account

With the free Tomorrow account, you get a free visa debit card, fee-free transactions worldwide, and access to the Tomorrow mobile banking app. You get 3 free ATM withdrawals per month and you can open 2 pockets (sub-accounts). Any ATM withdrawal you make after these 3 costs €2. All withdrawals you make in foreign currencies (not in Euro) costs 1.5% of the amount withdrawn. 

Tomorrow Zero

The Tomorrow Zero account costs €15 per month. It has all the same features as the free account, plus more. One of the biggest differences is that Tomorrow Zero offers unlimited free cashpoint withdrawals per month. In addition, Tomorrow won’t charge you a fee for withdrawing money in foreign currencies. Another notable difference is that you can offset your carbon footprint with Tomorrow Zero. 

Below you can see an brief comparison of the top 3 mobile banks in Germany:

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  • Account Cost / Month
  • Free Debit Card
  • Free Cash Withdrawals / Month
  • Mobile Banking App
  • German Residency Required
  • No Foreign Transaction Fees
  • English Website
  • English Speaking Customer Support
  • Push Notifications on Account Activity
  • Make International Transfers From the App
  • Google Pay
  • Apple Pay
  • Subaccounts
  • Invests in Climate Protection

Tomorrow's Environmental Impact

Sustainability and Climate Protection

All banks use their customers’ money to give loans and make investments. Many banks give loans and make investments in industries that operate at the expense of our environment. Tomorrow aims to change that with a strict list of criteria of where your money will go. Tomorrow believes in supporting sustainable businesses with every loan and investment. Furthermore, with every transaction you make with your debit card, Tomorrow contributes to climate protection. Lastly, with Tomorrow Zero, you can offset your carbon footprint by investing in climate protection projects in developing countries

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Tomorrow Capital

Tomorrow capital is the money Tomorrow has in its accounts. All banks invest this money, but not all banks invest it in sustainable businesses. For example, major banks often invest money in sectors such as armaments, factory farming or coal-fired power plants. Tomorrow is different. It uses the money to invest in sustainable projects that support protecting our environment. Tomorrow only supports businesses with projects that contribute to the Sustainable Development Goals of the United Nations: protecting natural resources, ensuring basic needs, protecting the climate and empowering disadvantaged groups. So far, Tomorrow as invested €9,800,000 in sustainable projects.

Climate Protection Contribution

Every time you use your debit card, Tomorrow gives money to global climate protection projects. Here’s how it works: When you make a payment with your card, the seller pays an “interchange fee” to the bank that issued the card. This happens all around the world, and it is how a lot of banks make a significant part of their income. You, the customer, don’t have to pay anything. It’s just between the seller and the bank. Usually banks just keep this money for themselves, but Tomorrow puts the money towards international climate protection projects. More specifically, the seller pays the bank 0.2% of the amount of the transaction. Some of this money is used to cover the cost of processing the transaction, and then bank keeps the rest. What’s left over is 0.13% of the amount of the transaction. Rather than keep the money for themselves like most banks, Tomorrow puts all of the money towards climate protection projects. So far, Tomorrow has used this money to save 37,403,072 m2 of rainforest, and 6,309,272 trees. 

Tomorrow Zero

With Tomorrow Zero, you can offset your carbon footprint by investing in climate protection projects in developing countries. With the premium account, you help fund three climate protection projects. First, you support small farmers in Peru, which protects the rainforest from deforestation. Secondly, you fund the installation of clean biogas plants in Vietnam. Thirdly, your money goes towards boreholes in Uganda that give people access to clean drinking water. 

Fees

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ATM Fees

For the free Tomorrow account, you can withdraw money for free three times per month. Every withdrawal afterwards costs two euros. Any withdrawals you make in foreign currencies (not in Euro) cost 1.5% of the amount you withdraw. 

With Tomorrow Zero account, you can make unlimited cash withdrawals for free. Furthermore, there are no fees for withdrawing cash in foreign currencies. 

In regards to payments you make in foreign currencies, Tomorrow follows the VISA exchange rate. 

It’s important to note that some ATMs charge fees. Tomorrow cannot intercept the fees. Before you make a withdrawal, the ATM will tell you how much the fee is. You will have the option to cancel the cash withdrawal and go to a different ATM. 

Replacement Card

A replacement debit card costs €10. If the reason you need a new card is due to Tomorrow, then Tomorrow will replace your card for free. You will also get a new card for free if your card expires. 

Tomorrow Features & Benefits

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An Account for Positive Change

Tomorrow finances renewable energy, organic agriculture, rainforest protection, clean water accessibility, microcredit projects, and more. With a Tomorrow bank account, you support positive change in our world. 

Easily Open an Account

You can open a Tomorrow bank account in less than 10 minutes from your smartphone. You also don’t need a German address to open the account! 

A Debit Card To Use Almost Anywhere

When you open your Tomorrow bank account, you’ll also receive a debit card. You can use this debit card to make purchases and cash withdrawals at any ATM that accepts VISA. The best part is that Tomorrow doesn’t charge any fees on foreign transactions! As long as you choose to pay in the local currency of whatever country you’re in, Tomorrow will always give you the true exchange rate. 

Customer Service in English

Tomorrow customer service is available in both English and German!

No Foreign Transaction Fees

You can make purchases around the world in different currencies and Tomorrow will never charge you any hidden fees. 

Offset Your Carbon Footprint

With the Tomorrow Zero account, you can offset your carbon footprint. In fact, with this account you offset the carbon footprint of an average German per year, which is 11.3 tons!

* Another mobile bank in Germany is Bunq. The biggest difference between Bunq and Tomorrow is that Tomorrow contributes a lot more to climate protection. With Bunq, you can contribute to their „Plant Trees“ project to decrease your carbon footprint. However, Bunq does not offer this feature for the free bank account. To the contrary, with Tomorrow, both the free account and the paid account contribute to protecting the environment.

The Tomorrow Zero Account

This account gives you access to unlimited fee-free ATM withdrawals. And, as mentioned above, you can offset your carbon footprint!

Know Exactly How You’re Making A Positive Impact

With the Impact Board on the Tomorrow app, you can see in real time where your money is working. Tomorrow makes sustainability transparent. You’ll see how much money goes towards climate protection, clean water access, organic agriculture and more. 

Free ATM Withdrawals

With the free Tomorrow bank account, you get 3 free ATM withdrawals per month. With the Tomorrow Zero account, you get unlimited free ATM withdrawals!

Keep Track of Your Money

Your earnings and expenses are automatically categorized in the Tomorrow app. You can easily see where and how much you’ve spent. 

Your Account is Safe

Tomorrow has a number of different features to protect your account. For example, if you lose your Tomorrow card, then you can lock it directly on the Tomorrow app. You can also easily unlock your card if you find it! Your money is also insured by SolarisBank in Berlin. Each Tomorrow account is protected up to €100,000. 

Google Pay

You can set up your Tomorrow account with Google Pay and make contactless payments. 

Frequently Asked Questions

  • What are pockets?

    Pockets are sub-accounts you can make with your Tomorrow account. With a pocket you can set money aside for future purchases or simply to set financial goals.

  • Who can open a Tomorrow bank account?

    You can open a Tomorrow account if you are at least 18 years old and a resident in one of the following countries: Germany, Austria, France, Belgium, Estonia, Finland, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain or Cyprus.

  • What documents do I need to open a Tomorrow account?

    All you need is your current passport/ID card!

  • Does Tomorrow have a banking app in English?

    Yes! Tomorrow has a banking app in English. It’s really easy to use and convenient. You can manage your account directly from the app.

  • What projects does my account support?

    1. Support for small farmers in Peru By supporting small farmer in Peru, you help protect a highly biodiverse rainforest area in southeastern Peru against illegal deforestation. This project supports 400 indigenous families  in southeastern Peru.  2. Biogas installations in Vietnam Many people in Vietnam still use wood and charcoal for cooking and heating. The burning wood and charcoal release toxic emissions into the atmosphere. Biogas installations are clean and accessible alternatives. For example, biogas installations can convert organic waster, like manure, into energy.  3. Clean drinking water in Uganda According to UNICEF and The World Health Organization, 1 in 3 people globally do not have access to safe drinking water. For many people, the only way to purify their water is to boil it over an open fire. This results in harmful CO₂ emissions. With your account, you support boreholes that give people in Uganda access to clean water. The project also instals stoves that use less firewood. One of the most common causes of death in sub-Saharan Africa is contaminated drinking water, and the smoke people inhale from the open fires frequently causes respiratory diseases. This project saves greenhouse gases and contributes to better living and health conditions for the people in Uganda. 

  • What is my card limit?

    For online payments, the daily limit is € 5,000. For payments in-store and ATM withdrawals, the daily limit it is € 3,000. €10,000 is the monthly limit for all transactions.